Recursive is spending two-thirds of its funding on one AWS bill, and calls it small

Richard Socher’s new AI lab has just made an unusual bet with its money. Recursive has committed about $410m to a single, multi-year cloud contract with Amazon Web Services. That is roughly two-thir [...]

eBay sent them a bloody pig mask. Now it owes $56m, and no NDA.

The most disturbing corporate harassment campaign in recent tech history has a price. eBay and three of its former executives will pay nearly $56m to the couple they set out to destroy for writing a c [...]

The AI coding fight just moved from the model to the harness

The most expensive part of AI coding is no longer the model. It is the software wrapped around it, and enterprises have started to notice. The immediate fight is over price. Cursor, the AI coding tool [...]

PayPal turned down $53bn, and pointed to a beat and a $70 target

PayPal finally addressed the $53bn offer sitting on its table. Its answer was: not at that price. The company gave its first public response on Tuesday’s Q2 earnings call, alongside a beat. Chief ex [...]

DoorDash gets FAA clearance for in-house drone programme, DoorDash Air

DoorDash has won approval from the Federal Aviation Administration to run its own delivery drones, and promptly made clear that most of your food will still arrive by human. The company unveiled an in [...]

Anthropic is alone in every AI policy fight. It’s winning anyway.

Six months ago, Anthropic was the darling of America’s AI boom. It led on the models and was loudest on the ethics. This summer, it finds itself alone. The Claude maker is now the odd one out in nea [...]

Shein’s app runs on the tricks the FTC calls ‘dark patterns.’ Now the FTC is investigating.

Shein wanted its Hong Kong listing to be about growth. Instead, the filing meant to sell that story revealed a US regulator is investigating the company, and Shein will not say why. The disclosure sit [...]

The AI boom needs power and rockets. Trump just exempted both from environmental law.

The Trump administration spent Tuesday clearing environmental law out of the way of the tech boom. It did so twice, on two fronts, with the same justification. The first move exempts data centres from [...]

Apple hit $5tn by refusing to play the AI game everyone else is losing

Apple has become the second company in history worth $5tn. It got there by being the one big-tech giant that refused to bet its balance sheet on AI. The iPhone maker briefly touched a $5.04tn market v [...]